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The cryptocurrency market is currently experiencing a slight downturn, with major assets such as Bitcoin (BTC) and Ethereum (ETH) losing some of their recent gains. This correction and the absence of significant market developments have made it difficult for the sector to embark on a bullish trend.
Rocket Pool's whales took their profits, creating a local peak as the token reached an all-time high. However, recent data show a value decline and exchange activity surge.
Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. Zilliqa, ICP, Synthetix, Casper, and Rocket Pool have emerged as the top gainers of the day, while Injective, RNDR, Frax Share, Arbitrum, and Woo Network are the top losers.
On Monday, the decentralized Ethereum-based staking protocol deployed Atlas granted users access to their staking rewards and lowered the barrier of entry to create an Ethereum validator.
Rocket Pool, the Ethereum-based DeFi staking protocol, has just pushed a major update granting users instant access to ETH staking rewards moving forward.
Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. ICP, TWT, Decentraland, Litecoin, and Loopring (LRC) have emerged as the top gainers of the day, while Rocket Pool, Solana, Immutable, Algorand, and Kava are the top losers.
Rocket Pool native token RPL has recorded increased bullish activity and momentum in what seems to be an interesting turn of events stemming from the just concluded Shapella update and launch. While the Ethereum Shapella launch was much about allowing validators to withdraw staked ETH rewards, crypto enthusiasts and the blockchain community felt some uneasiness and worry about the impact these developments would have on Ethereum price and its staking pool platforms.
RPL has gained over 10% within 24 hours amid an anticipated upgrade at Rocket Pool for ETH stakers. This new upgrade will allow validators to create and convert to ETH mini pools.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the $30,600 level on Friday. Ethereum (CRYPTO: ETH) also moved higher, hitting the key $2,100 mark this morning.
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the key $30,000 level on Wednesday following the release of inflation data. The headline CPI came in at 5% year-on-year in March, down from 6% in February, according to data the Labor Department reported on Tuesday.
Liquid staking tokens drifted upwards on Tuesday as investors waited for the upcoming Shapella upgrade of the Ethereum network. Lido DAO's LDO jumped by 6.5% to $2.47 while Rocket Pool's RPL soared to $47.55. Shanghai upgrade ahead The biggest Ethereum news of this week will be the upcoming Shanghai upgrade scheduled for Wednesday.
Rocket Pool (RPL), a decentralized Ethereum staking pool, has been making waves lately in both its price growth and its overall protocol embrace by virtue of the offerings it brings to the table. According to data from IntoTheBlock, Rocket Pool has largely returned more profits to its wallet addresses than the majority of digital currencies around today.
The investment branch of Coinbase, one of the largest centralized exchanges, will receive a share of rewards dedicated to Rocket Pool's Oracle DAO.
Bitcoin (CRYPTO: BTC) moved lower, but the cryptocurrency prices remained above the key $28,000 level on Friday. Ethereum (CRYPTO: ETH), meanwhile, moved higher, trading above the key $1,800 mark this morning.
Lookonchain just flagged a phishing attack against a crypto investor, where the victim lost about $3.8 million worth of Rocket Pool tokens.
One of the largest Ethereum (ETH) staking services, RocketPool, suffered a multimillion dollar sell-off today, allegedly caused by a phishing attack. According to Lookonchain, around 85,900 RPL were withdrawn from "poap.eth" and then exchanged for ETH, the equivalent of $3.8 million.
Liquid staking is the best-performing crypto sector in the last 24 hours after rallying by more than 15%, according to CryptoSlate data.
Cryptocurrency price prediction today Mar 14th: the crypto market has witnessed significant growth in the last few days and recuperated a sense of relief among market participants. As several cryptocurrencies try to regain their lost grounds, the market sentiment is gaining confidence for uptrend continuation.
Key Points: According to the official blog, decentralized engagement protocol Rocket Pool has announced that it will perform the Atlas upgrade in early April, making the protocol compatible with Ethereum's Shanghai upgrade.
Despite flat crypto markets, a few tokens like KEY are finding strong support from buyers.
The cryptocurrency market has been off to a strong start in 2023, with many major coins experiencing significant gains. Despite recent concerns from regulators, the market has shaken off this uncertainty and resumed its upward momentum.
In the United States, regulators have been grappling with the classification of crypto assets as securities, property, or something else for quite some time. Recently, the Securities and Exchange Commission (SEC), the most stringent regulator, has ramped up its crackdown on crypto staking.
Running an 8 ethereum (ETH) mini pool on Rocket Pool can be up to 42% more profitable than solo staking.
Decentralized network operators get 7.26% annually.
